AvalonBay Communities’ (AVB) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of AvalonBay Communities (NYSE:AVB) in a research note published on Tuesday,Weiss Ratings reports.

Several other research firms have also issued reports on AVB. Scotiabank cut their price target on AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating for the company in a report on Thursday, August 14th. Wells Fargo & Company cut their price target on AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, August 27th. Cantor Fitzgerald initiated coverage on AvalonBay Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $205.00 price target for the company. Evercore ISI cut their price target on AvalonBay Communities from $216.00 to $214.00 and set an “in-line” rating for the company in a report on Monday. Finally, BNP Paribas Exane lowered AvalonBay Communities from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $217.31.

AvalonBay Communities Stock Up 0.2%

AvalonBay Communities stock opened at $184.33 on Tuesday. The stock has a market cap of $26.24 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.86. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. AvalonBay Communities has a one year low of $180.40 and a one year high of $239.29. The stock has a fifty day moving average of $191.06 and a 200 day moving average of $198.51.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The business had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. During the same quarter in the previous year, the company posted $2.77 earnings per share. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. As a group, sell-side analysts predict that AvalonBay Communities will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.75 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.8%. AvalonBay Communities’s dividend payout ratio is 86.21%.

Hedge Funds Weigh In On AvalonBay Communities

A number of hedge funds have recently made changes to their positions in AVB. Proathlete Wealth Management LLC purchased a new stake in shares of AvalonBay Communities in the first quarter worth about $29,000. Opal Wealth Advisors LLC purchased a new stake in shares of AvalonBay Communities in the first quarter worth about $33,000. Clearstead Trust LLC lifted its position in shares of AvalonBay Communities by 62.0% in the second quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 62 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of AvalonBay Communities in the second quarter worth about $36,000. Finally, Sound Income Strategies LLC lifted its position in shares of AvalonBay Communities by 76.4% in the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 81 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.